The Honorable Paul A. Fioravanti, Jr. was sworn in as a Vice Chancellor of the Court of Chancery in Delaware on February 10, 2020. Courtesy photo Supermajority Shareholder Approval Not Required for Nevada Conversion
Vice Chancellor Paul A. Fioravanti Jr.'s opinion stated language in one section of the digital media company's charter doesn't apply to the conversion based on Delaware precedent, marking a win for attorneys at Wilson Sonsini Goodrich & Rosati and Latham & Watkins.
November 07, 2024 at 03:40 PM
3 minute read
The Trade Desk Inc., a digital media company, needs only a majority shareholder vote rather than approval from two-thirds of shareholders to convert from a Delaware corporation to a Nevada one, the Court of Chancery ruled Nov. 6.
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